Owlet (NYSE:OWLT – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.
A number of other brokerages also recently issued reports on OWLT. Weiss Ratings restated a “sell (e+)” rating on shares of Owlet in a report on Friday, July 31st. TD Cowen reiterated a “buy” rating and issued a $10.00 price objective (down from $13.00) on shares of Owlet in a report on Monday, June 22nd. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.00.
Read Our Latest Analysis on Owlet
Owlet Price Performance
Owlet (NYSE:OWLT – Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.04. The firm had revenue of $33.87 million for the quarter, compared to the consensus estimate of $31.71 million. As a group, equities analysts expect that Owlet will post -0.37 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in OWLT. Eclipse Operations LLC bought a new stake in shares of Owlet during the 2nd quarter valued at about $44,202,793,000. AWM Investment Company Inc. bought a new position in Owlet in the fourth quarter worth about $28,304,000. Granahan Investment Management LLC raised its stake in Owlet by 72.8% in the first quarter. Granahan Investment Management LLC now owns 1,186,655 shares of the company’s stock worth $6,099,000 after buying an additional 499,906 shares in the last quarter. Next Century Growth Investors LLC lifted its holdings in Owlet by 18.4% in the fourth quarter. Next Century Growth Investors LLC now owns 484,908 shares of the company’s stock worth $7,851,000 after buying an additional 75,408 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Owlet by 86.3% in the third quarter. Vanguard Group Inc. now owns 389,840 shares of the company’s stock worth $3,302,000 after buying an additional 180,619 shares during the period. 72.60% of the stock is currently owned by institutional investors.
About Owlet
Owlet Baby Care, Inc is a consumer health technology company specializing in the design and manufacture of smart baby monitoring products. The company’s flagship device, the Owlet Smart Sock, is a wearable monitor that tracks a newborn’s heart rate and oxygen saturation levels and transmits real-time data to a mobile app. Owlet has since expanded its product suite to include the Owlet Cam, an HD video monitor with audio and motion alerts, and the Dream Sock, a non-wearable device that collects sleep metrics to help parents understand and improve their baby’s rest patterns.
Founded in 2013 by engineer and father Kurt Workman, Owlet is headquartered in Lehi, Utah.
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